GP CHN: Govt Policy Change For SI - Pension_Er And Injury_Er
Last updated on JUNE 22, 2016
Applies to:PeopleSoft Enterprise HCM Global Payroll China - Version 9.1 to 9.2 [Release 9]
Information in this document applies to any platform.
The current for PENSION_ER and INJURY_ER is Low limit(Base) * ER%,with the government policy change,the PENSION_ER and INJURY_ER for the below mentioned Contribution Area.
Cont Area Type ER% Current Formula New Formula
QINGDAO-5HN PENSION 18 Low Limit*ER% SI Base*ER%
QINGDAO-5HN INJURY 0.9 Low Limit*ER% SI Base*ER%
Need to make changes to the formula for proper Paygroup. OverRide levels for the mentioned deduction elements are not PayGroup. Please suggest the appropriate element to implement this calculation.
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